June 2004 Sales Figures
(Housing Statistics) New home sales show steady increase over 2003

Toronto— There were 3,422 new homes and condominiums sold in the Greater
Toronto Area in June, a 17 per cent decrease over the same month last year.
This brings total new home sales for the first six months of the year to 23,403,
an eight per cent increase over 2003, announced Mark Parsons, president of
the Greater Toronto Home Builders' Association today.

“With strong sales figures for the first half of the year,
we are well on track to exceed 45,000 new home sales in 2004 for only the second
time on record. This is a direct result of continuing low interest rates combined
with plenty of choice in all product and price ranges in the new home market.

For the month of June, low-rise homes took 66 per cent of the
market while high-rise apartments accounted for accounted for 34 per cent market
share. Year to date, low-rise homes have accounted for 70 per cent of all new
home sales with high-rise at 30 per cent of the market.

The top five municipalities were Toronto with 1,011 followed
by Brampton, 520; Mississauga, 367; Markham, 243 and Richmond Hill, 191.

The new home sales were prepared for the GTHBA
by RealNet Canada Inc.

For further information:Suzanna Cohen, Director of Communications 416-391-3450